Certain amendments to the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) became effective in all cases commenced after December 1, 2017. The amendment to Bankruptcy Rule 3002 is significant and does the following:
- It shortens the deadline to file a proof of claim to 70 days after the bankruptcy filing; and
- It requires secured claims in cases pending under Chapter 7, 12 or 13 to file a proof of claim.
For more details, read the entire alert here.
Related Insights
04 June 2024
Events
An Important Year: How the 2024 Election Can Impact the Economy
Join Bank of America, PwC, and Foley & Lardner LLP for a panel discussion on the impact the upcoming election may have on the economy.
17 July 2024
Events
Boston Healthcare AI & Technology Investor Summit
Join Endeavor Venture Funds & Foley & Lardner for an in-person and virtual gathering dedicated to advancing healthcare technology in Boston!
07 May 2024
Foley Ignite
Secondary Buyouts on the Rise – Will it Last?
In a time when exit strategies have pivoted, and options might be more limited, it is no surprise that secondary buyouts have rebounded.